The government is conducting a detailed cost-benefit analysis of a new trade pact with the US to ensure it aligns with national interests before proceeding.
KUALA LUMPUR: The government is conducting a comprehensive cost-benefit analysis of the Agreement on Reciprocal Trade (ART) with the United States.
The Ministry of Investment, Trade and Industry (MITI) stated the review aims to ensure any decision aligns with national interests and complies with Malaysia’s commitments.
The findings of this assessment will be presented to the Cabinet for discussion before any further action is taken.
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MITI is currently reviewing the scope and implications of the US measures in detail.
This review focuses particularly on their impact on market access, trade costs, and the country’s supply chains.
The ministry was responding to a parliamentary question from Senator Musoddak Ahmad regarding the pact’s implications.
The senator had asked about the impact of commitments to adopt US standards and secure market access on local industry competitiveness.
MITI clarified that the ART, signed on Oct 26, 2025, has not yet entered into force.
Any commitments related to standards and market access remain subject to existing domestic processes and regulations.
